Tennessee · 114th Regular Session (2025-2026) · Bill

HB 2087: Consumer Protection - As introduced, reduces from 15 to 10 days, the time within which a person licensed to provide deferred presentment services must file a written report with the commissioner of financial institutions following the occurrence of the filing for bankruptcy or reorganization; the institution of revocation or suspension proceedings by any state or governmental authority; the denial of the opportunity to engage in deferred presentment services by any state or governmental authority; any felony indictment or conviction of the licensee or any of its directors, officers, or principals; and other events that the commissioner may determine and identify by rule. - Amends TCA Title 45 and Title 47.

In committee Last action March 18, 2026: Taken off notice for cal in s/c Banking and Consumer Affairs Subcommittee of Commerce Committee

Plain-language summary

HB 2087 is a bill introduced in the Tennessee House on January 23, 2026. According to its official title, it concerns: Consumer Protection - As introduced, reduces from 15 to 10 days, the time within which a person licensed to provide deferred presentment services must file a written report with the commissioner of financial institutions following the occurrence of the filing for bankruptcy or reorganization; the institution of revocation or suspension proceedings by any state or governmental authority; the denial of the opportunity to engage in deferred presentment services by any state or governmental authority; any felony indictment or conviction of the licensee or any of its directors, officers, or principals; and other events that the commissioner may determine and identify by rule. - Amends TCA Title 45 and Title 47. Primary sponsor: Mike Sparks (Republican). Most recent recorded action (March 18, 2026): Taken off notice for cal in s/c Banking and Consumer Affairs Subcommittee of Commerce Committee.

Sponsors

Primary sponsor: Mike Sparks (Republican).